Artificial Intelligence (AI) was initially envisaged in 1955 as a subfield of Computer Science to develop “intelligent computers” capable of mimicking human cognitive skills such as learning and problem-solving. Due to the COVID-19 epidemic, the application of AI in many organizations has expanded.
Organizations and governments are spending billions of money to finance AI research and pilot initiatives globally. A Robo-advisor makes an effort to comprehend a customer’s financial health by evaluating the data they give and their economic history. Chatbots can do the majority of frequently performed actions, such as balance inquiries and payment transfers. Additionally, AI may help cybersecurity systems enhance performance by understanding patterns and signs that seem unconnected to forecast and prevent assaults. Source: https://ibsintelligence.com/ibsi-news/5-applications-of-artificial-intelligence-that-are-disrupting-the-banking-sector/
